North Macedonia: Monetary freedom
* indicates monthly or quarterly data series
North Macedonia |
Monetary freedom index (0-100) |
---|---|
Latest value | 64.60 |
Year | 2024 |
Measure | points |
Data availability | 2002 - 2024 |
Average | 81.53 |
Min - Max | 64.60 - 90.70 |
Source | The Heritage Foundation |
The latest value from 2024 is 64.6 points, a decline from 75 points in 2023. In comparison, the world average is 67.58 points, based on data from 174 countries. Historically, the average for North Macedonia from 2002 to 2024 is 81.53 points. The minimum value, 64.6 points, was reached in 2024 while the maximum of 90.7 points was recorded in 2007.
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The Monetary Freedom index for North Macedonia from The Heritage Foundation reflects the stability of prices in North Macedonia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
Related indicators | Latest | Reference | Measure |
---|---|---|---|
Property rights | 59 | 2024 | points |
Freedom from corruption | 41 | 2024 | points |
Fiscal freedom | 38 | 2024 | points |
Business freedom | 70 | 2024 | points |
Labor freedom | 56 | 2024 | points |
Monetary freedom | 64.60 | 2024 | points |
Trade freedom | 78 | 2024 | points |
Investment freedom | 65 | 2024 | points |
Financial freedom | 60 | 2024 | points |
Economic freedom, overall index | 61 | 2024 | index points |